$5 Liberty AU/UNC*
United States $5 Gold Piece
Minted: 1866 - 1907
Actual Gold Content: .241875
In recent weeks, the premium on pre-1933 $5 Liberty gold coins in AU/Uncirculated condition has fallen to an all-time low, prompting us to recommend them for bulk purchase for the first time in over a decade.
Those who follow us regularly know that small historic US gold coins have long been an intentional omission in our product offerings, due primarily to a history of onerous premiums. But that said, due to an unprecedented undervalued condition in the market, we are able to offer these AU/UNC $5 Liberties for a mere $25 per coin more than a modern 1/4 ounce eagle, the lowest such differential ever. For some added context, 2 years ago today (June 2015), $5 Lib’s traded at the exact same price per unit as those offered here…but back then, gold was $1170. That equates to a whopping $125 in relative savings per ounce!!
This is an unparalleled opportunity to secure small pre-1933 US coinage, and ought to be especially attractive to our clients looking to pair with existing $10 and $20 gold piece positions. The ultra-low premium condition hasn’t made it any easier to to locate these coins in quantity though - despite efforts to secure far more, we were only able to acquire 300 coins at these prices, making this one of our more limited offers in some time. We recommend quick action if you have an interest.
*In dealing with historic US coins, AU/UNC represents the best condition/highest grade class of 'raw' unencapsulated coins. Any coins deemed better are submitted for offical grading/encapsulation by either PCGS or NGC(MS61+). In simple terms, AU/UNC coins represent the best combination of accumulation efficiency (number of ounces acquired/minimal premium), and a high state of preservation, detail and beauty.
We’ve also built up a larger inventory of one ounce American Eagles (200 units) and are offering these at a $7 per coin discount to standard pricing, and dropping the free shipping threshold to any order over 10 ounces.
Actual Gold Content: 1.0 troy ounce (31.103 grams)
Diameter: 32.7 mm
Face value: $50
The U.S. (also American) Eagle gold bullion coin is the most popular among investors in the United States. Over 13 million of the one-ounce coin have been minted and distributed since the coin was introduced in 1986. In 2009 alone, 1,493,000 American gold eagles were produced. In 2008, at the height of the credit-financial crisis, the mint was forced to go to an allocation system because it could not keep up with burgeoning demand. Still, it produced 710,000 one-ounce coins during the course of the year. By way of comparison, the U.S. Mint produced a little over 140,000 one-ounce coins during the relatively quiet year of 2007.
The 1986 American Eagle began life as an idea presented by Congressman Ron Paul to President Ronald Reagan's Gold Commission in 1981. Congress enacted the "Gold Bullion Act of 1985" and quickly thereafter the Eagle became one of the most popular gold coins in the world. The Gold Bullion Act stipulates that the gold used for producing American Eagles comes from newly mined sources within the United States.
The obverse depicts lady liberty striding from the coin -- a reproduction of Augustus St. Gaudens' famous design for the Double Eagle commissioned by President Theodore Roosevelt in the early 20th century. The reverse displays a family of gold eagles with the male carrying an olive branch and flying above the nest, the fine gold weight of the coin and its face value.
American eagles are legal tender coins minted in one-ounce, half-ounce, quarter-ounce and tenth-ounce sizes. Produced at the West Point Mint, it is an alloyed coin at 22 karats, or .916 fine. The 1986 to 1991 mintages have Roman numeral dates. Arabic numeral dates are used on successive mintages.